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20121027
20121104
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Search Results 0 to 7 of about 8
CNBC
Nov 2, 2012 3:00pm EDT
rather adroitly to -- katrina notwithstanding, to these disasters. i suspect they're going to be quite responsive right now for those who have been displaced, who have lost family members, who don't have homes. i think there will be a rapid response from the federal government. >> i'm just saying, we could use that money in other areas right now. not necessarily the bond buying program. just an observation. >> maria, i got say, i don't know if the bond buying is actually helping. we're seeing a lot of bond buying. i don't know where that money is going to. we see unemployment raising. >> is survey showed pick ups in demand for most classes in lending right now. so it has had a positive effect in a place where it could matter. we have seen in general some of the interest rates that matter go down in the economy, including mortgages. >> and a big uptick in housing. >> maybe not perfect, but it seems to have had an effect. >> do we anticipate the typical pickup in economic activity following a natural disaster of this magnitude here, ron? >> bill, listen, it's going to take a little
CNBC
Oct 30, 2012 3:00pm EDT
on economic growth, right? >> yeah, the estimates i'm seeing, bill, are, you know, put katrina at one end. that was $100 billion. put irene at another end. that was a $13 billion event. i've seen 30 to 50. it feels, especially after you see that aerial video of what happens on the shores of new jersey, like it may be more along the 30 to 50 range when you talk about total property damage and you talk also about lost business activity. it was down in wall street. >> especially at a time when the economy was -- there was a sense it was starting to slow down again. we haven't had the strongest economy anyway. are we more vulnerable to this? >> i don't want to say there's an up side to this, but you could have a situation where some of the construction and some of the rebuilding happens in the same quarter where you had the business loss, so you have a really net no change to gdp. if there are major construction projects undertaken -- for example, let's say they decide the biggest financial center in the world should not be a foot over sea level, that's a major investment that could h
CNBC
Oct 31, 2012 4:00pm EDT
while short term may be an issue for markets over the longer term as seen with katrina where you possibly could see better economic growth after this quarter. >> we'll see about that. that's a really important point. doug, only about one-third of the earnings have beaten expectations, lower than average of the past four quarters. is this an indication of what the markets are headed? we've got one month out of the three months for the fourth quarter in the books. what is your expectation for november and december? >> well i think the economy is slowing. that's clear and you know, when you're doing 1% or 2% gdp growth, it's tough to find 10% earnings growth by cutting expenses but ultimately i think the market's priced for that. we're not trading a market that's 20 times earnings, we're in a market that's 12 times earnings. i think expectations are low. if there was a surprise in october for us and it's something we've been hoping for, if you're at riverfront, you're going to see outperformance overseas so for four years the u.s. has kicked the rest of the world's butt, in other wo
CNBC
Oct 29, 2012 4:00pm EDT
think comparing this episode to katrina, which is the analog a lot of people are working with, for the most part i would say on balance, there's a lot of short-term turmoil, a lot of things happening. it's the end of the month. we've already got a lot of other anxiety out there. and it's in the middle of earning season so we'll have some delays. on the other hand, if we look at markets in '05, there was an initial selloff but markets sort of gained traction, especially as people saw past the short-term economic effects and saw the lift coming from the spending. >> no doubt about it, we have end of month positioning, so if you're sitting on positions and you need to get out of those positions for whatever reason, because it's the end of the month, you can't do it. the markets are closed. and so i'm wondering if this is creating a pent-up situation where we see a heavy selloff once markets do resume on wednesday. we're hoping for wednesday. we haven't seen a two-day closing of markets, i don't think ever. >> that's right. >> i think it's possible we could see some selling pressure becaus
CNBC
Oct 30, 2012 4:00pm EDT
katrina. when government performs well, they t re-emphasizes in people's minds that government does matter. >> what's your take on the early voting story? you have a new poll showing governor romney still in the lead and certainly they're tied, 47% each, cwhen you look at eary voting turnout. how much of an impact does this storm have on early voting turnout? >> well, some, but so many people have voted. look at ohio. a third of the voters have will be cast their votes. i think early voting has helped with the democratic base. i think the democratic base has gotten more and more enthusiastic, more and more fired up. you're seeing that with the long lines in places in urban centers which tend to be democratic. i think it's going to be a surprisingly good democratic turn youtd. >> all right. we'll leave it there. governor, good to have you on the program. >>> let's go back to julia boorst boorstin. we have more on the disney/lucas film deal. >> that's right, maria. walt disney is acquiring lucas films for $4.05 billion. we spoke to bob iger about why he's doing this deal, saying there
FOX Business
Oct 29, 2012 3:00pm EDT
to surpass andrew and could be as high as katrina, somewhere in middle of that. closing the exchange for two days haven't seen since that -- seen that since the blizzard of 1888. for weather purposes. it's being done for safety issues. liz: we're looking at a live picture of the statue of liberty and that of course says it all. this is the new york post cover. it shows of course the statue of liberty with an umbrella and the word closed. new york is for all intense and purposes closed. we are not. very important to point out. we are not. fox business and fox news are going to be going wall to wall coverage. so we will be here for you as long as you have the power on to feed your cable obviously, but nicole, thank you very much. nicole: thanks, liz. of course when they reopen, there will be a lot to watch. liz: uh-huh. we should mention, the bond market will be closed tomorrow. shutting down trading on wall street, can't stress enough this is a huge deal and a huge decision. as nicole mentioned, the last time this happened as it was regarding weather was, you know, 1888, back
FOX Business
Oct 30, 2012 3:00pm EDT
situation like we had with katrina where prices just took off because that's where the refineries were, and a lot of things were shut down during katrina. you don't have that in this situation. i mean, there's ample supply out there. so like the markets reacted today, in an unchanged way, i think that's what you are going to have going forward, and that $85 level in crude seems to be building a bottom here. i know we have come off an awful lot. so i don't -- you know, we're trading right around that area. going forward into the elections, we have other things other than just the storm that's going to affect the price of crude and rbob gasoline. i think gasoline, if we get a spike, i don't think it's necessarily due to the storm. if we get a drop, it isn't due to the storm as well. i think that will cancel each other out. ample supply. liz: stay safe. i assume you will be back on the floor if they open it. thank you very much for joining us. mike mcpartland there in edge water new jersey. we have breaking news on a day where the markets have been closed and a lot of companies are postponing
CNBC
Nov 1, 2012 4:00pm EDT
hurricanes in the past, like katrina did in the gulf of mexico. so while folks are struggling in the northeast, i definitely sympathize, the situation could have been a lot worse if it hit some of the bigger petroleum sector infrastructure systems. >> and so you said prices in some parts of the country are going down. where do you think prices go in the near future? >> well, i think in pockets of the northeast that continue to be hit with supply crunches, you're going to see price increases. but for the next several weeks, i think you're going to see ripple effects of lower prices across most parts of the country. >> i see. all right. we'll leave it there. good to have you on the program, sir. thank you so much. >> my pleasure. >> see you soon. >>> up next, countdown the closely watched jobs report out first thing tomorrow morning. we'll give you the handicapping of it. stay with us. uh, i'm in a timeout because apparently riding the dog like it's a small horse is frowned upon in this establishment! luckily though, ya know, i conceal this bad boy underneath my blanket just so i can g
Search Results 0 to 7 of about 8